COST Financial News

31.10 / 19:15

COST social consequences information Investigations International Ex-Disney worker accused of hacking computer menus to add profanities, errors

A former Disney worker has been arrested based on a complaint that says he hacked into servers at Walt Disney World in order to manipulate computer menus

31.10 / 17:21

markets COST economy Election reports Average rate on a 30-year mortgage in the US rises for fifth straight week

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August

31.10 / 17:03

markets COST security economy War country Israeli cabinet set to approve austerity budget amid wars

Israeli cabinet ministers were to start voting later on Thursday on a long-awaited wartime budget for 2025 that will rein in spending and raise a host of taxes to pay for the military conflicts that have engulfed the country. The wars in Gaza and Lebanon have cost Israeli coffers tens of billions of shekels on spending for defence — equipment and in manpower after hundreds of thousands of citizens were called into reserve duty — and in compensation for those impacted. «Our security also depends on the economy. We cannot have a strong military if we have no way of financing it,» Prime Minister Benjamin Netanyahu said at the outset of the cabinet meeting before the budget vote, which could run into the night.

31.10 / 16:15

markets COST economy Election show reports Department US weekly jobless claims at five-month low

unemployment benefits fell to a five-month low last week and consumer spending increased more than expected in September, showcasing the economy's strength heading into the final stretch of 2024 and just days before next Tuesday's presidential election. Though prices pushed higher last month, inflation is firmly on a downward trend, with other data on Thursday showing labor costs posting their smallest gain in more than three years in the third quarter. The data likely keeps the Federal Reserve on track to cut interest rates next week and again in December. «We are not concerned that inflation's progress toward the Fed's target is stalling, let alone reaccelerating,» said Ryan Sweet, chief economist at Oxford Economics.

31.10 / 16:15

markets COST UPS Digital economy Experts reports Inflation gauge closely watched by the Fed falls to lowest level since early 2021

inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. The Commerce Department reported that prices rose just 2.1% in September from a year earlier, down from a 2.3% rise in August. That is barely above the Fed's 2% inflation target and in line with readings in 2018, well before prices began surging after the pandemic recession. Yet some signs of inflation pressures remained. Excluding volatile food and energy costs, so-called core prices rose 2.7% in September from a year earlier for the third straight month. On a monthly basis, core prices rose 0.3% from August to September, up from just 0.1% from July to August. The increase in the core rate is higher than the Fed would prefer.

31.10 / 14:57

COST UPS economy Election pandemic show reports Inflation gauge closely watched by the Fed falls to lowest level in over 3 years

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels

31.10 / 11:47

markets COST UPS Digital Strategy PAM Schools New home: Elon Musk buys $35 million luxury mansion for his 11 children and two of their mothers

Elon Musk, has bought a compound in Austin, Texas which costs $35 million and it consists of three homes, standing within walking distance from one to another. According to New York Post, the main residence is a mansion of 14,400 square foot and it is made taking the inspiration from Tuscan villas accompanying a six-bedroom house directly.

31.10 / 10:47

markets COST Progressive Mobile electronic reports Samsung reports 'major' progress in supply deal for AI chips

Samsung Electronics has reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter

31.10 / 10:47

markets COST UPS trends Summer pullback in mortgage rates helped pave way for lower down payments for many homebuyers

Homebuyers opted to make smaller down payments this summer as declining mortgage rates helped boost their purchasing power, though home shoppers’ upfront costs remain near their peak

31.10 / 09:39

markets COST UPS Digital Experts Battlefield PAM IPL 2025 Retention Full List: Which players retained ahead of mega IPL auction? Check full list here

mega auction, declaring the battlefield open. Rishabh Pant and Delhi Capitals are expected to part ways, presenting a chance for Royal Challengers Bengaluru to fill in the wicketkeeper-batsman vacuum in the team after Dinesh Karthik’s exit. Moreover, Shreyas Iyer, the 2024 IPL winning skipper is also expected to be dropped by the Kolkata Knight Riders (KKR), further adding the thrill to the marquee auction. KL Rahul was the third skipper to have parted ways as Lucknow Super Giants eye a cracking season.

31.10 / 09:35

markets COST Waters Trade reports Updates Commentary Dabur India: Is the worst behind after a miserable September quarter?

Subscribe to enjoy similar stories. It was a foregone conclusion that Dabur India Ltd’s September quarter (Q2FY25) results would disappoint, as the company’s business update earlier this month had already cautioned of a weak quarter. Unsurprisingly, Dabur’s shares reacted with only a muted response.

31.10 / 05:57

COST Google CEO Software show information reports Microsoft earnings show AI is bolstering demand for cloud services

Subscribe to enjoy similar stories. Microsoft reported strong quarterly growth in its cloud-computing business that indicated its heavy investment in artificial intelligence is paying off. Revenue for the tech giant’s Azure cloud business—a core of its AI offering—rose 33% in the quarter through September, beating analysts’ expectations.

31.10 / 01:35

markets COST Analysis Trade Experts show reports Strong deal momentum to keep Street hooked on to Persistent

Persistent Systems, a mid-tier IT services company, has gained 10% since its second-quarter result announcement last Tuesday, taking the three-month return to 20%. The stock has remained buoyant following the company's strong business momentum in the September quarter, even as the broader market has shown weakness. The key business vertical of hi-tech and emerging industries, where the revenue growth has been sluggish over the past few quarters, is likely to show a turnaround given the new deal wins. The company's management also expects to improve the operating margin in the second half of the fiscal year with rising utilisation levels.

31.10 / 00:53

COST Entertainment Warner Bros reports DoorDash partners with Lyft to give members ride-sharing benefits

Delivery service DoorDash says it’s partnering with Lyft to bring ride-sharing benefits to its members

31.10 / 00:53

COST UPS Platform Parke Instagram show Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push

Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligence

30.10 / 19:23

markets COST Digital Platform Experts Meta Platforms PAM social Meta India FY24 ad revenue logs 24% growth

Meta India posted a 24% growth in gross advertising revenue, reaching ₹22,730 crore for the fiscal year ending on 31 March, compared to ₹18,308 crore in the previous fiscal year, as per the company's filings with the RoC. The Indian unit of global social media giant Meta Platforms, which still operates under the legal name Facebook India Online Services, recorded a modest 13% growth in gross advertising revenue for the fiscal year ending on March 31, 2023. The FY23 gross advertising revenue of ₹18,308 crore includes ₹6,120 crore from gross advertising reseller revenue, as the reseller model was in effect for a few months of that financial year.

30.10 / 18:31

markets COST Strategy economy Research pandemic show Supply chain woes carry high risks, big rewards for some companies

Subscribe to enjoy similar stories. Supply chains that underpin the economy are facing ongoing stress from geopolitical tension, labor disruption and natural disasters. Some companies say they’re gaining an edge in their markets with tools aimed at managing the risks, but it doesn’t come cheap or easy.

30.10 / 17:29

COST UPS Provident Barrett Department Massachusetts ratepayers to pay extra $512M for transmission line for Canadian hydropower

Three Massachusetts utilities and a transmission line developer have agreed to pass along $512 million in added costs to Massachusetts ratepayers for an electric transmission project in western Maine

30.10 / 13:51

COST Booking WhatsApp Andhra Pradesh government to launch free LPG cylinder scheme from November 1

Andhra Pradesh government is all set to launch free distribution of three cooking gas cylinders annually under Deepam-2 scheme to eligible beneficiaries from November 1. According to an official release, Chief Minister N Chandrababu Naidu will formally launch the programme on November 1 in Srikakulam even as the first cylinder for those who have already booked will be supplied from tomorrow. Free LPG scheme was part of Telugu Desam party's «Super Six» poll promises. As part of this, CM Naidu handed over a check for Rs 894 crore to the petroleum companies towards the cost of the first cylinder. The total cost to the exchequer is expected to be Rs 2,684 crore, an official release said.

30.10 / 13:43

markets COST security trends blues reports Sporting Maruti Suzuki banks on SUVs, CNG models to beat demand blues

Subscribe to enjoy similar stories. Sport utility vehicles (SUVs) and compressed natural gas (CNG) variants of existing models are currently driving auto demand in India. Maruti Suzuki India Ltd’s September quarter (Q2FY25) results reflect this.

30.10 / 13:43

COST Platform Boxing film Actor Experts audience Filmmakers look to de-risk projects, sign OTT deals as box office bombs

Subscribe to enjoy similar stories. New Delhi: Filmmakers are increasingly signing pacts to release films on streaming platforms before they hit the theatres, as they seek to de-risk their projects at a time audiences have soured on movie-going. Producers have also faced criticism for mentioning the streaming partner in the marketing and publicity of the said film, which many say, takes away from the need to go to the cinemas as the movie would soon be available for home-viewing.

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